Revealed comparative advantage and the alternatives as measures of international specialization

被引：153
作者：
Laursen K. [1 ]
机构：
[1] DRUID, Department of Innovation and Organizational Economics, Copenhagen Business School, Kilevej 14A, Frederiksberg
来源：
Eurasian Business Review | 2015年 / 5卷 / 1期
关键词：
International specialization; Revealed comparative advantage;
D O I：
10.1007/s40821-015-0017-1
中图分类号：
学科分类号：
摘要：
This paper provides an analysis of Balassa’s ‘revealed comparative advantage’ (RCA). It shows that when using RCA, it should be adjusted such that it becomes symmetric around its neutral value. The proposed adjusted index is called ‘revealed symmetric comparative advantage’ (RSCA). The theoretical discussion focuses on the properties of RSCA and empirical evidence, based on the Jarque–Bera test for normality of the regression error terms, using both the RCA and RSCA indices. We compare RSCA to other measures of international trade specialization including the Michaely index, the Contribution to Trade Balance, Chi Square, and Bowen’s Net Trade Index. The result of the analysis is that RSCA—on balance—is the best measure of comparative advantage. © 2015, Eurasia Business and Economics Society.
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页码：99 / 115
页数：16
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